Vietnamese infrastructure developer Deo Ca Group JSC has signed a joint venture agreement with Laos’ Petroleum Trading Lao (Petro Trade) Public Company to develop the Vietnam-Laos railway project.
The selected partner will be responsible to develop the railway line that spans 554.7 km, linking Vung Ang Port in the coastal province of Ha Tinh to Vientiane. In accordance with the agreement, Deo Ca Group and Petro Trade would spend VND27,485 billion (US$ 1.16 billion) to build a 103-km segment of the railway between Vung Ang Port and Mu Gia Pass in Quang Binh Province.
The VND149,550 billion (US$6.33 billion) project is anticipated to improve freight forwarding services between Vietnam and neighboring nations, particularly between Vung Ang Port and the commercial hubs in northern Laos and southern China.
Korea Airports Corp. (KAC) has signed a partnership deal with the government of Laos to develop and expand the international airport in Luang Prabang, Laos.
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The Government of Laos has commissioned a feasibility study for the development of a 452km long electrified rail link, part of the Laos-Vietnam Railway Project (LVRP).
Read moreThe coordinator of the Vientiane-Pakxe Expressway project in Laos, which is to be developed following a Build-Operate-Transfer model, has announced that the Ministry of Public Works and Transport will soon sign a Memorandum of Understanding (MoU) with four construction companies from Laos and China for planning and design works for the project.
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